SMM2, April 4: it is reported that the board of directors of Vale's New Caledonian nickel mine has approved a restructuring of US $120 million, which will be announced by the buyer at the end of March. By then, more than 100 people are expected to lose their jobs.
Given the high demand for batteries in electric vehicles, Vale plans to close nickel refineries and give priority to the production of NHC or nickel hydroxide cakes.
Earlier, it was reported that the New Caledonian nickel mine business would be sold to Chinese investors.
"the restructuring of Vale's nickel mine in New Caledonia is up in the air.
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